APPENDIX A: LEEDS CITY REGION GROWTH FUND DEAL SHEET 1 2 INTRODUCTION We are pleased to provide this outline summary of the 2015-16 deliverable priority projects and programmes that we have included in the Leeds City Region SEP for funding through the Local Growth Fund (LGF). We see the LGF being the opportunity for Government to co-invest with us to deliver our economic and growth ambitions. The identification of these projects is the culmination of at least 6-9 months appraisal processes (over 2 years in the case of the West Yorkshire Plus Transport Fund) where we have applied significant rigour to reduce the range of projects from very long ‘wish lists’ to a focussed number of specific and deliverable projects across transport, innovation, skills, resource smart, housing and regeneration. This has included, for example, applying a Department for Transport approved modelling process for Transport Projects, and the five cases Treasury Green Book compliant approach to the appraisal of our housing and regeneration schemes. We have provided more detailed business cases within the accompanying appendices as requested for each deliverable project, which has included financial and economic appraisal output tables and risk assessments. Projects have been assessed and subsequently re-assessed for deliverability, economic impact and strategic fit in partnership with all City Region authorities and other project sponsors and co-investors. The resultant shortlist of projects and programmes for 2015/16 set out in our SEP and summarised here therefore has both political endorsement across the City Region partnership including the LEP Board. The LEP Board is therefore confident that the projects and programmes it is submitting in this SEP submission are both viable and deliverable, and offer value for money and will have a major strategic impact on city regional and UK growth. Together they form a comprehensive and complementary package of projects and programmes that will collectively deliver significant additional jobs and GVA growth, as well as supporting the growth of existing and new industries and sectors and the development of new homes, innovation centres and critical growth infrastructure. 3 PROJECT AND PROGRAMME FINANCIAL INFORMATION TABLE Leeds City Region Enterprise Partnership Summary ask of LGF (2015-16) Area Total LGF 2015-16 (£m) Outputs Competitive Non-competitive Calculated to 2021 (unless stated) Transport Transport Fund 16,652 jobs by 2026 £5,697m GVA by 2026 (2009 prices) West Yorkshire Transport Fund* 10.1 18.3 Construction impact 1,858 jobs by 2026 £680m GVA by 2026 (2009 prices) 1,404 jobs by 2026 Accelerated Growth Areas 73.23 0 £604m GVA by 2026 (2009 prices) Dft Legacy Majors 0 0 N/a Sub-total - comp/non-comp 83.33 18.3 Transport total 101.63 Skills capital 443 net FTE jobs 30 0 Skills capital investment programme £18.45m GVA per annum 42 apprenticeships Skills capital total 30 Housing 3,414 new homes built Accelerating Housing Growth, Development 226 ha land remediated 24.772 0 & Connectivity 1,968m sq ft floorpsace created Up to maximum of 12,200 net jobs created annually (by 2026) 400 new homes built 3.27 ha land remediated Asset Reuse and Affordable Housing 17.888 0 433,950 sq ft floorspace created Up to maximum of 1,520 + net jobs created annually (by 2026) Housing total 42.66 Other 17,000 enterprises supported 28,500 jobs created Supporting growth businesses 35.8 0 1,940 enterprises co-operating with research institutions 2,588 enterprises supported to introduce new products to market 62,453 participants 41,439 unemployed Other skills 1.2 0 18,925 employed people supported 2,089 economically inactive supported 11,229 participants aged 15-24 505 direct jobs created 11,000 indirect jobs created 1,150 businesses supported Resource Smart City Region interventions 13.5 0 6,000 properties fitted with solid wall insultation 41 MW low carbon generation 71 MW heat network capacity 5.7 million tonnes C02 saved over lifetime of projects 2,600 enterprises supported 260 new enterprises supported Digital infrastructure 1 0 1,200 jobs created 4,000 enterprises using ICT Green infrastructure 5.11 0 Other total 56.61 Total 230.9 * Some 82% of the £1.6bn proposed WY Plus Transport Fund is from local contributions and payment by results. Without a payment by results deal (as outlined in Appendix B) and the proposed competitive element of LGF, the Fund will be much smaller (circa £300m). The Fund exhibits increasing returns to scale and so a diminished Fund of less than one fifth its proposed size would deliver a less than proportionate share of the forecast outputs and threaten the political consensus which has been built on all districts accessing employment opportunities. FINANCIAL INFORMATION Leeds City Region Enterprise Partnership Theme: business enterprise and innovation LEP Priority 1: Supporting business growth Further information on the Joint bid between 2 or Programme Funding stream 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 Total to 2021 project (SEP page ref) Project output information more LEPS Lead delivery LEP 1.1 Business Growth Hub (operation) Local Growth Fund: capital 0.3 0.0 0.0 0.0 0.0 0.0 0.3 Refer to Part A: Chapter 5 and Part B: See Growth Hub output information below (N57) The Growth Hub will act as a single access point for all new and Local Growth Fund: revenue 0.3 1.5 1.5 1.5 1.5 1.5 7.8 Delivery Plan p. 5 to p. 18. existing business support products and services across the City ESIF 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Region, focussing on SMEs (new and existing) with the ambition and No Not applicable ability to grow. It will aim to engage with, and support, 20,000 Private sector 0.3 0.5 1.0 1.3 1.5 1.5 6.0 growth-oriented SMEs overt the next five to six years and facilitate Other public sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 the creation of 50,000 new jobs. Sub-total 0.8 2.0 2.5 2.8 3.0 3.0 14.0 Business Growth Programme Local Growth Fund: capital 16.0 16.0 12.0 10.0 8.0 6.0 68.0 Refer to Part A: Chapter 5 and Part B: See Growth Hub output information below (N57) Delivery Plan p.7. Capital grants for businesses, including investment in R&D. Local Growth Fund: revenue 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Continuation of BGP will not only accelerate business investment and ESIF 0.0 0.0 0.0 0.0 0.0 0.0 0.0 unlock commercial lending and equity, but will also make a valuable No Not applicable contribution to our work on supply chains, innovation and inward Private sector 80.0 80.0 60.0 50.0 40.0 30.0 340.0 investment, including the increased take-up of the Aire Valley Leeds Other public sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Enterprise Zone offer. Sub-total 96.0 96.0 72.0 60.0 48.0 36.0 408.0 Business Innovation Programme Local Growth Fund: capital 4.0 2.0 1.5 1.5 1.0 1.0 11.0 Refer to Part A: Chapter 5 and Part B: See Growth Hub output information below (N57) Delivery Plan, p. 10. An innovation support package to improve rates of business Local Growth Fund: revenue 1.0 1.0 1.5 1.5 2.0 2.0 9.0 innovation across LCR, focusing on technological innovation through ESIF 3.0 4.0 4.0 3.0 3.0 3.5 20.5 the provision of advice, support and finance. The emphasis will be on No Not applicable opening doors to existing innovation support, including national Private sector 2.0 2.0 2.0 3.0 3.0 3.0 15.0 support products delivered by organisations such as the TSB. Other public sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Sub-total 10.0 9.0 9.0 9.0 9.0 9.5 55.5 Growth Start-up programme Local Growth Fund: capital 1.0 1.2 1.2 1.2 1.2 1.2 7.0 Refer to Part A: Chapter 5 and Part B: See Growth Hub output information below (N57) Delivery Plan, p. 12. Programme offering targeted start-up assistance and investment to Local Growth Fund: revenue 0.0 0.0 0.0 0.0 0.0 0.0 0.0 those fledgling businesses (up to three years old) with the ambition ESIF 1.0 1.3 1.3 1.3 1.3 1.8 8.0 and ability to grow and/or provide good social return (minimum of No Not applicable £250,000 turnover by year three). ESIF (GrowthAccelerator opt-in) 0.4 0.5 0.7 0.8 0.8 0.6 3.8 Private sector 3.0 3.6 3.6 3.6 3.6 3.6 21.0 Other public sector 1.9 1.8 2.0 2.1 2.1 1.9 11.8 Sub-total 7.3 8.4 8.8 9.0 9.0 9.1 51.6 Supply chain Local Growth Fund: capital 4.0 4.0 3.0 3.0 2.0 2.0 18.0 Refer to Part A: Chapter 5 and Part B: See Growth Hub output information below (N57) Delivery Plan, p.